QEphobe Sees No Good Reason To Taper Now, Except That Stimulus Program Was A Terrible Idea From The Git-GoBy Jon Shazar
It was a banner day to hear the increasingly tired arguments for and against the Fed’s stimulus policies from the horses’ mouths in some of the U.S.’s more scenic locales.
Lacker’s used every opportunity to let Bernanke and his rotating cast of puppets know that they’re wrong about the stimulus and that they’re imperiling what used to be the Fed’s only mission, controlling inflation. And he’s apparently doing so at substantial risk to his own standing, because while bickering, name-calling and kicking-and-screaming disagreement is all the rage every else in the District of Columbia, dissent does not go over well at the marble Politburo on Constitution Avenue NW. Read more »